Wormhole Performance
| W Crypto | USD 0.18 0.01 5.88% |
The entity maintains a market beta of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wormhole's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wormhole is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Wormhole has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for Wormhole shareholders. ...more
Wormhole |
Wormhole Relative Risk vs. Return Landscape
If you would invest 24.00 in Wormhole on November 18, 2024 and sell it today you would lose (6.00) from holding Wormhole or give up 25.0% of portfolio value over 90 days. Wormhole is currently does not generate positive expected returns and assumes 7.1809% risk (volatility on return distribution) over the 90 days horizon. In different words, 64% of crypto coins are less volatile than Wormhole, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Wormhole Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wormhole's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wormhole, and traders can use it to determine the average amount a Wormhole's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0249
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| Negative Returns | W |
Estimated Market Risk
| 7.18 actual daily | 63 63% of assets are less volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wormhole is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wormhole by adding Wormhole to a well-diversified portfolio.
About Wormhole Performance
By analyzing Wormhole's fundamental ratios, stakeholders can gain valuable insights into Wormhole's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wormhole has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wormhole has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wormhole is peer-to-peer digital currency powered by the Blockchain technology.| Wormhole generated a negative expected return over the last 90 days | |
| Wormhole has high historical volatility and very poor performance | |
| Wormhole has some characteristics of a very speculative cryptocurrency |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wormhole. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.